Buying vs Leasing

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful.

When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car, you pay for only a portion of the vehicle’s cost, which is the part you use during the time you are driving it.

BUYING

LEASING

WHO OWNS IT

WHO OWNS IT

Whether you pay for the car with cash, or finance it and make monthly payments, either way it’s yours. Of course, if you’re financing it, you’ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don’t, they have the right to repossess it.

You do not own the car when you lease. You’re paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

UP-FRONT COSTS

UP-FRONT COSTS

If you’re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender’s requirements and your credit score.

Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

FUTURE VALUE

FUTURE VALUE

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

In most leases you don’t end up owning it so you don’t end up selling it. That’s the financial institution’s job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

END OF PAYMENTS

END OF PAYMENTS

Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.

BEST CARS TO LEASE

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.

Ray Skillman Southside Buick

8424 US Hwy 31 South
Indianapolis, IN 46227

Phone:

Sales:317-888-9500

Service:317-888-9500

Sales Hours:

Mon - Fri9:00 AM - 9:00 PM

Sat9:00 AM - 7:00 PM

SunClosed

Service Hours:

Mon - Fri7:00 AM - 6:00 PM

Sat8:00 AM - 1:00 PM

SunClosed

Ray Skillman Northeast Buick

7550 E. Washington St.
Indianapolis, IN 46219

Phone:

Sales:317-300-2007

Service:317-215-8067

Sales Hours:

Mon - Fri9:00 AM - 9:00 PM

Sat9:00 AM - 7:00 PM

SunClosed

Service Hours:

Mon - Fri7:00 AM - 6:00 PM

Sat8:00 AM - 1:00 PM

SunClosed

Ray Skillman Buick

Welcome to Ray Skillman Buick in Indianapolis!

Thank you for visiting Ray Skillman Buick, the first stop for drivers looking for a premier Buick dealership around Indianapolis, Carmel, and Greenfield. We’ve become one of the most trusted dealerships in the area, and that confidence stems from our generous range of vehicles—both brand-new and pre-owned—our state-of-the-art service center, and our enthusiastic finance department. Whoever greets you when you walk through our doors, you’ll be sure to meet a team member who is completely committed to providing you with the best service available.

New and Pre-Owned Inventory

If you’re looking for a vehicle in Indianapolis, Carmel, or Greenfield, Ray Skillman can provide an outstanding range of options to suit any budget or purpose. Need a roomy, efficient family car with the styling and comfort of an executive vehicle? A new Buick LaCrosse is the one for you. How about an SUV that combines power, luxury, and versatility? Come and test drive one of our Buick Enclaves. Or, if you’re looking for an older model, take a look at our selection of pre-owned models.

Superior Servicing

We don’t just provide unbeatable vehicles, we also help keep them operating at peak performance. Our Indianapolis, Carmel, and Greenfield customers deserve the very best level of servicing, and that’s just what our highly skilled technicians provide. Aside from routine servicing work, we can provide repairs, align your wheels, and even repair your vehicle if it’s been involved in a crash at our cutting-edge collision center.

Trust Ray Skillman Buick

For drivers in Indianapolis, Carmel, and Greenfield, all your automotive solutions are just a quick drive away. Ray Skillman Buick is conveniently located at 8424 South U.S. 31 in Indianapolis, so come visit us today!